Spongetech Delivery Systems, Inc. (fka SPNGQ)

[patchman]

The difficulty here is that you all ASSUME that this share count issue has not been undertaken without a finding of wrongdoing.

I will ask again:

1. What proof do you have that the SEC has not already looked into your allegations?

2. What would you shareholders require as proof that no market fraud had taken place?

3. Since the SEC has a standing policy of non-disclosure to on-going investigations, why would they break that here?

The most recent memo to the courts by Arun and his foolish sidekicks make not only laughable slanderous attacks on me but likewise make unproven assumptions about what has or has not been done by the regulators. The only convincing way that any shareholders will be satisfied at the results is for them to undertake this action so that there are no threats of conspiracy when teh results show that they were wrong. Understandably none want to take on this task because of a fear of the potential results.

Imagine calling the SEC inept and corrupt and then demanding that they investigate the share count.